CHART: What $11.23 Trillion Worth Of Household Debt Looks Like

"In Q1 2013 total household indebtedness fell to $11.23 trillion;
1.0% lower than the previous quarter and considerably below the
peak of $12.68 trillion in Q3 2008," said the New York Fed in a
statement.

This suggests the deleveraging process that has been slamming the
economy may not be over.

On the plus side, more Americans are staying current on their
obligations.

"[D]elinquency rates for each form of household debt declined,
with about 8.1% of outstanding debt in some stage of delinquency,
compared with 8.6% the previous quarter," they add.